Future Market Insights

Research Report and Overview on Consumer Electronic Accessories Market (2017-2027) by FMI Steady

Future Market Insights has announced the addition of the “Consumer Electronic Accessories Market: Global Industry Analysis and Opportunity Assessment 2017-2027” report to their offering.

Valley Cottage, NY -- (SBWIRE) -- 06/12/2017 -- Consumer electronics refers to any device containing an electronic circuit board that is intended for everyday use by individuals. The increasing disposable income of significantly large population in developing economies is a major driver for the global consumer electronics market. Consumer electronic accessories are something that are added to consumer electronics that have a useful or decorative purpose. Hence, the market trend of electronic accessories is majorly dependent upon that of consumer electronics.

There are various types of consumer electronics available in the market which can be categorized into those used for entertainment, communications and home-office activities. Over the years due to change in technology the market of consumer electronics has substantially grown. There is a huge demand for smartphone, smart TV, tablet, set-top box, laptop and game console. Additionally, wearable devices are gaining popularity due to many factors as it combines technology and health with more real-time applications.

The most exciting developments in near future in consumer electronics is in the realms of virtual reality, entertainment, home automation, transportation and wearable devices. This will cause an upsurge in the consumer electronic accessories market too. For example there is a huge demand for earphones and headphones over the last few years in countries such as China, India, South Korea, and Japan. Latin America is also expected to experience significant growth of earphones and headphones market driven by growing number of portable devices in the region. This is due to external factors like technological advancements in Wi-Fi, Bluetooth, Infrared and internal factors like minimization of overall weight of headphone and noise cancellation features. Shifting consumer trends toward the adoption of headphones/earphones during working out is also giving a push to the growth of this market. Moreover, companies are targeting youth by providing variants such as wireless speakers, wireless headphones, and microphones.

On the other hand, the increasing availability of low cost counterfeit products poses a significant challenge to the growth of earphones and headphones market in Asian countries such as China, India, Taiwan and Indonesia.

Products such as Earphones, Headset, Chargers, Remote have multiple manufacturers which range from OEM's to local unorganized players. For products like TV remote, mobile chargers, mobile covers there are quite a few local manufacturers present in the market.